Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, gestures while...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, gestures while speaking during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, gestures while...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, gestures while speaking during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be...Mais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be...Mais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Rafael Sanchez-Lozano, managing director and chief operating officer of Iberia...Rafael Sanchez-Lozano, managing director and chief operating officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Chief Executive Officer Antonio Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be...Mais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, gestures while...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, gestures while speaking during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks on a large screen during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British...Mais

Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks on a...Antonio Vazquez, chief executive officer of Iberia Lineas Aereas SA, speaks on a large screen during the company's annual shareholders' meeting in Madrid, Spain, on Wednesday, June 2, 2010. Vazquez said he expects a merger with British Airways Plc to be approved by shareholders in November and the new combined group to start trading a month later. Photographer: Denis Doyle/Bloomberg via Getty ImagesMenosMais